/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Mumbai-based company had shut down operations after laying off hundreds of employees in February.
Editor's note: Lido Learning may have finally found a saviour. The education technology company is in advanced stages of talks with Reliance Industries for raising a fresh round of funds for a significant stake, according to two people in the know. The deal could be closed as early as this week. The size of the deal, terms and conditions and other details are not yet known. “Definitive documents haven’t been signed yet, but the two companies are in advanced stages of talks,” says one of the two people, both of whom asked not to be named. “In fact, there is a possibility of even an acquisition.” Talks about Reliance’s interest in the company have been going on for some months now. It was even brought up in a town hall meeting by some employees but went unacknowledged by the founders. “We’re in the final stages of closing a round,” says CEO Sahil Sheth, who refused to say which investors he is in talks with or anything else about the funding. The capital infusion could be a new lease of life for the …
The Mumbai-based company had shut down operations after laying off hundreds of employees in February.
Editor's note: Lido Learning may have finally found a saviour. The education technology company is in advanced stages of talks with Reliance Industries for raising a fresh round of funds for a significant stake, according to two people in the know. The deal could be closed as early as this week. The size of the deal, terms and conditions and other details are not yet known. “Definitive documents haven’t been signed yet, but the two companies are in advanced stages of talks,” says one of the two people, both of whom asked not to be named. “In fact, there is a possibility of even an acquisition.” Talks about Reliance’s interest in the company have been going on for some months now. It was even brought up in a town hall meeting by some employees but went unacknowledged by the founders. “We’re in the final stages of closing a round,” says CEO Sahil Sheth, who refused to say which investors he is in talks with or anything else about the funding. The capital infusion could be a new lease of life for the …
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
While the Rs 9,000 crore promoter investment in Q1 brings a measure of reassurance, investors will still have to wait for Jio and retail to work through their challenges.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
